Decision Nº M/03/044 from Competition and Consumer Protection Commission, 2004-01-22

• Jurisdiction: Ireland
• Parties: MMRJ,Dennis Eagle
• Date: 22 January 2004
• Decision Date: 22 January 2004
• Status: Cleared (Phase 1)
• Court: Competition and Consumer Protection Commission (Ireland)
• Decision Number: M/03/044

Determination of the Competition Authority

Determination No. M/03/044 of the Competition Authority, dated January 22,

2004, under Section 21 of the Competition Act, 2002

Notification No. M/03/044 – MMRJ Ltd/Denis Eagle Ltd

Introduction

1. On December 22, 2003 date the Competition Authority, in accordance with

Section 18 (1) of the Competition Act, 2002 (“the Act”) was notified, on a

mandatory basis, of a proposal whereby MMRJ Ltd, a company incorporated in

the United Kingdom, and controlled by funds managed by ABN AMRO Capital

Ltd (“ABN”), will acquire the shares of Denis Eagle Ltd from Vehicle Solutions

N.V.

The Parties

2. MMRJ is part of the ABN group, which is a worldwide provider of financial

services. It provides investment banking services to corporate clients, as well as a

range of financial services to private clients.

3. Dennis Eagle Ltd is a specialist vehicle provider, with most of its business

involving the supply of refuse collection vehicles (“RCV’s”) and ancillary

services to local authorities and private waste collectors. Its main operations are

based in France and the United Kingdom, and it exports RCV’s into the Irish

market.

Analysis

4. The ABN group controls no entities which operate in similar markets to Dennis

Eagle Ltd. Although Dennis Eagle has a high share of the total supply of RCV’s

in the State, there is no overlap in the parties’ activities, and accordingly the

transaction does not raise competition concerns.

Determination

The Competition Authority, in accordance with Section 21(2) of the Competition Act,

2002, has determined that, in its opinion, the result of the proposed acquisition will

not be to substantially lessen competition in markets for goods and services in the

State and, accordingly, that the acquisition may be put into effect.

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